While Tether expresses concerns over new regulation, Circle becomes official EU stablecoin issuer under MICA
Circle has received a USDC and EURC license under MiCA, becoming the first stablecoin issuer to comply with the new EU legislation.
The event marks a new stage in the development of the European cryptocurrency market, but for most USDC and EURC users, no significant changes are expected. Circle stablecoins will continue to be available and easy to use around the world.
Where are the other issuers?
We are waiting for the future licensing of Tether, the USDT issuer, but it seems that the company has other plans and instead of immediately adapting to European regulations, the company has focused on the BRICS and Pacific Rim markets. In particular, Tether has introduced an innovative solution for residents of the Philippines that allows them to make social security contributions using cryptocurrencies.
submitted by /u/dll_crypto
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